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US Bank partners Visa, Oberthur Technologies to launch dual interface payment service

Tuesday 14 June 2011 13:13 CET | News

US Bank, divison of US Bancorp in partnership with Visa and Oberthur Technologies, a US-based provider of smart card-based services has released a dual interface payment service, dubbed the US Bank FlexPerks Travel Rewards Visa, which allows acceptance and compatibility with credit cards systems worldwide.

US Bank FlexPerks Travel Rewards cards are aimed at customers who want travel rewards. Additionally, customers are able to earn cash back, merchandise, gift cards and statement credits.

The new US Bank FlexPerks Travel Rewards Visa credit card combines Visa payWave, EMV chip and magnetic stripe technologies. Visa payWave is based on the contactless technology for sending payment information to a reader at the point of sale. Similar to EMV, a special computer chip is embedded in the card, allowing the customer to simply wave and go when making a purchase.

The dual interface smart cards manufactured and personalized in the US by Oberthur Technologies, will be introduced to more than 20,000 US Bank FlexPerks Visa cardholders with plans to expand the offering to other travel reward cardholders in 2012.


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Keywords: US Bank, Visa, Oberthur Technologies, dual interface payment service, cards
Categories: Payments & Commerce
Companies:
Countries: World
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Payments & Commerce